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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Oct. 16, 1913)
w P'AOE SIX. MTCDFOTTO MATT) TRTOUNR MKDFORT). ORKOO THURSDAY, OCTOHMR. in, mm, CENTRAL BANKIIS REFORM NEEDED STATE FINANCIER IlOMi:, Oct. 10 Tlint a r.erma uunt ami ticoosful currency reform In tho United Statos can only b ef fected liy the establishment of n cen tral bank of control not. howovcr. undor tho direction of hnnkern as ad Vocntml by fornior Sonntor Aldrlch 1b tho belief of l.uljtl l.uuAtti, for mnr milliliter of Itnllnn finances, for mer prime minister of Italy, ami who recently refuted tlu (met of financial ndvlanr to tho new Chinese republic In an article prepared by him for the United Prem he today gives his Uows on tho proposed currency log islatloti In the United States, as fol fel fol eows: "Thoro has already been noted the clamor with which tho Americans of tho United States decided upon some tlmo ago and completed tholr In vestigation of the question of banks of Isauo for the purpose of reforming their present Inadequate currency system. lroKicl Iaw Strango "At that time all Europo wa3 lev ied upon for Information and Italy's constrlbutlon was competently made by Slgnor Canoval. I did not nt that tlmo make any comment, not because of lack of courtesy or lack of Interest, but merely because I was then at the head of the government. Now, I muBt admit, I am not sorry 1 kept silent. In fact, tho proposed laws for tho reform of the currency in tho United States, which have followed tho investigation into the question of banks of issuo, appear to mo most strange. It Is not, indeed, to bo wondered at that no one, not evon President Wilson, is Eatlsfiod with thorn. "In tho first place, I believe, for mer Sonator Aldrlch, who was the moving genius of tho currency In vestigation, wished to create n slnglo central bank administered by bank ers. Ills plan was open to many criticisms, both In substance and In form, but tho idea, however, of a slnglo central bankxls unquestion ably tho right one. Now I believe. tho latest proposed law, would fur-j nlsh n bank note currency, created by tho national government, to twelve dlffcront authorized banks of Issuo. or emission which In turn would se-l euro tho bank notes to the national government by commercial paper and which would maintain n guarantee reserve fund of 33 1-.3 per cent of gold or other legal money. This certainly is a more exact conception of good banking rules, tho issuing of bnnk currency on commercial paper and tho guaranteeing in part of the currency thus issued by a re serve fund of gold or other legal money. In this way Is ended tho I perslstenco In tho old tlmos of error of covering the bank currency with government bonds. It Is in fact merely tho adoption of tho new system which has already been gen erally In voguo in Europo for some tlmo past, and which tho United States alone has been slow to adopt Who Is to IleKulato However, leaving to ono sldo tho considerations aroused by the twelve bnuku of emission, which Is opposed to tho prosont day tendoncy of unity tho only tendoncy as Is to bo seon in Switzerland, that Is capablo of regulating opportunely tho currency, tho sight exchange tho Inward and outward flow of gold ?wbo Is going to dccldo upon tho sevorlty of tho discounting of tho commercial papor? Kltlior, in ono way or another tho state will tako a hand and politics will thug entor in, discrediting tho responsibility of tho bank, or oach individual administration of the tuelvo banka will act indcpondontly and thoro will bo twelve dlfforent standards or discounting, clthor so voro or lax taocordlng to tho commo tion of other banks, a spirit of abso lute rigidity, otc, otc.) which will de termine tho soundness of tho bank ciirrouoy in circulation, in which caso tho doubts thus oreated will react In moments of financial crisis on tho banks of .omission themsolves, thus aggravating the condition of tho in dustrial markoto, UuwQer, ono cannot loeo hopo that l'ronldont AVllaon, who, succeeded In ontnlnlng Ills tariff reform will sue coed also In socurlng sound and healthy principles in tho control and issuance of tho national currency. COUNTY ACCEPTS BONO BO HGHES 8 IF PRICE FOR MONTHS Tho county court has accepted tho bid made by It. 11. Wood, represent ing C. W. McNear & Co.. of Chlraice: Well, Iloth ft Co., of Cincinnati; K. M. (Irani fc Co.. of New "Vork. and PLYMOUTH, Mass, Oct 10. Tho trial ot Mm. Jennie May Katun, barged with the murder of her hus band Hoar Admiral Joteph 0. Katon, opened hero today, Assistant Dis trict Attorney Kntxniann In lit oi'otilng statement promWod to proo that Mrs. Katon administered poison to her husband. 1PP1NE WASHINGTON, Oct. l.--Prosl-dent Wilson sent to tho sonntu today, tho following nominatiens: To be a member of tho Philippine commission and secretary for finance and Justice Vlctoriauo Mnpa, To be members ot tho Philippine. commission Jaime C leern, Vlu cento llustro and Vlncento Siimmin 10 PROTEST JEW BAITING WASHINGTON, Del. 10. A iomj. Inlioit liiNlvucliiu Secretary of Slule Hrynit to pnilool to Kiwnn, in be half of AmerieiuiH, iipiiiiil the llcilix hint i to lie tiilVoditccil in Hie house soon liv Kcpiesenlntive Siihnlli of Itliuotx, not'onlmn to U iiii noiiiieemctit tin til'tetnooii. Wells '& nirkey'Vo., of Mlnnenpolls. ! ;:; ; for $1100.000 Jackson county highway bonds nt a premium ot IS.90 per A $1000 plus accrued interest. i J Mr. Wood deposited his certified' cheek for J450O and sinned n contract with the court for the engraUnK ot the bonds. He states that over half of the bonds hate already been placed. ; & Mr. C. S. Woody who represented $ tho Commercial Trust Co.s of Kansas J City, one of the unsuccenatul bidders, ' congratulated the county upon the . bargain It had made. "This Is the , best sale of bonds made In IS , months," he statod. "It Is htphor $4 that any municipal or county security J has sold for in that porlod. It Is duo to tho fact that tho ltogue river al- ley Is so well known all over tho United States and that eastern In- vestors reallto Its possibilities and future. No section could possibly do better with Its securities at this i time." acm M atinee MTNAB REFUSES 10 A ,? y if y t v wiuviBra rvi n.. us I X Di-poMiijf of iK-ri-tcut rutin r that lie would Ik- n eaniluln e next yenr for gitverour or the Semite, John L. ilcNab of Dipr riiunuetti fnme today eame out with the flat- footed nniioiiiit'ciiH-nt that he will tiot' he "n candidate for miy pi'ilu of-ije ss fice wlmt.-oeu-r." "A P'htiuil ca reer offers iii ih.irm tli't can he compared witli the ihdciHM.dmcc of prixutc life." he nid. c SJEEE3Z233 No more Grey Hairs no more dandruff no falling hair when you use ffai ealtm Restore hair to in natural color, 1 1 not a dye. Get a bot tle from your druiit today. He will refund your money II you aren't sbiolutcly latlincd. OcuI$l ttdniszuti. Siirbbonk IB nl on iranrt d 10c od d-Wl w. W pJHcullCo..N'Il.N J. KA gjl.4..4...4..4..i3fl Jli:i))ltn I'HAiniAi v (vw ft Mi AT FAIR GROUNDS! Sunday, Oct. 19 Commencing at 2:30 p.'jm. This matinee is given for the benefit of the Fair Association to assist them in making up the shortage of this year's fair, ami is worthy of the patronage uf all tho people, of the county, ami they will also he well entertained. There will be 3 Good Harness Races Tn whidi Alhia, 2:11 1-1; Graee X., no mark; Harry N.,'J:12() 1-t; David llarinn, 2:1. JIallio I)., 2:20; llonnie .June, no mark, and other good horses will take part. ' ." iCLtS...fiif.JjL tri?.J: ' - r. y V f ? V ? V Y t T T t ? ? V ? Y v f ? Y Y Y Y Y Y Y Y Y Y Y Y Y A BREATHE FREELY! OPEN NOSTRILS UNO STOPPED HEAD END CATARRH A Noted Buckaroo Will Attempt to z Ride Nero, thepucking Bull Also broneho-biisting in whieh Clri..ly AFurpliy, the lioiod bucking horsr, and others will take part. 'A'".. ' f,--' ''- -- u -. I . Making up the shortage of the Fair means a bigger and bettor Fair noxt year, and this is what .Jackson County people want. o t Y Y Y Y Y V t Y Y Y 4fr.ziiiixiii 5m$XJmm$ TESREAU OF GIANTS !S E NKW YORK, Oct. 1C Charlea M. Teiireaii, o mombor of tho Now York Giants ami Alls Holeuo KUza both niaku will bo murrlod here lute today. Tefsroau will bo tho third mombor of McGraw'e team to marry during tho Inst three weeks. t Y Y Y Y Y Y f Y Y Y Y Y t Y Y Y Y Y t Y Y Y Y Y Y Y ? Y Y ; t Y Y Y Y Y i NEW SILK PETTICOATS A eomiIet iiasortineiit f bright new ooloro nt jiriow Hint mwui a b'tf suviuj,'. Jioe&ta The Exclusive Dry Goods Store Medford, Oregon New Seasonable Merchandise Quality at Significant Price HENDERSON CORSETS Will jsii' y' 'he aerwee juu u.xpect from n liiuli-prieu cnixcl at u miiiiII piicc, blivsiii imw new nljlen, 43 to $5.00 eitch. of Fine Con cessions for Friday andjSaturday KNIT UNDERWEAR Friday Mini Saturday we jilaee on a!c one lot LuiUe' Jersey Kiblicil Fleece Lined Union fcsuitw, mostly lurge hizorf up to l, nt, oncIi,49 LUZERENE UNDERWEAR Wo iinnouiice Unit wo now have n complete lino of Luzen-ne Under wenr, the only, clofco-orotcli uiulerwenr on the market ; for health mid wnrmtli it lmt no eqtiiil, mid is m highly recniniiiuinU'il by wnt orn colleges; mmlo for Jt.dios mid ehildrcii; price ?1 to $1.50 en. BOYS GRAY FLEECE LINED UNION SUITS, SPECIAL 59c A good, wnun garment for tliia heason of tho yenr, oxlrn well made, cut to fit, fcizes from 3 yours to 10 years, each .59( $1.00 MEN'S V00L UNDERWEAR 89c 30 doyen Men's Tun or Qrny Wool Uudtrwciir, extra good value, hires run from 112 to 41; each, hliirt or drawers, lit 89 $1.25 BEDSPREAD SPECIAL, 98c We Jmve 10 clozon to di&poso of nt this snlo; heller vnliios tlinn can be expected when tliuic mo gone, only 98 98( .10 10 .25 $1.50 FLANNELETTE WRAPPERS 98c .Mostly dark colors and large frizes, cneli, only NOTION SPECIALS 15 I.wided I)i ess Weight, black or white, liy tho yard Sill: Covered Spiral Collar Stay, !) in n package, for only. 5 Sill: Hair Nets, with elastic, all colors, for ., J. & 1. Coat' Thread, 7 spools for 10c Neckwear, consists of Hows, Collars, Jabots and Scurfs, values up to 50c, to cloho . 10 Flnnneletto Skirts for ladies, 50 A full lino of colors and styles to select from, extra good values, only .- . 50 10c Tooth Ilnuli for cneli ono of Iho family, special, each, nl . 5 FleishoiJs Yauis in stock Wo curry a complete lino of colors in Gormantowii zephyrs, also Shetland iloss 'LO(t mid lyrf FLANNELETTE NIGHT GOWNS 8."o Lndic' Flaiiiieleltd flowns, light mid duilc stripes, exlra good values, special .- .. oO Ono lot asboiled colors uud styles, values up to $1.50, to close out Friday mid Sntittday at, cuch, only -..- 98 Y Y Y Y Y Y Y Y Y Y Y t Y Y Y Y Y Y t Y Y Y t Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y ZZMWW tiiHliiut Heller When Nomi ami lleml Ale Cl(ui'd rnuii a ('"III. SlnH Nasty t'liliii'itint DIsi'lMiigex. Hull Heaihulin Vniilxlu. Try "Kl.'n Cream Halm." (let a hiiiiiII bottlii anyway, Junt to try It aiiiils a little lit the nontillH and liiMtiuitly Miur eloKKud iioko anil Ktoiid-iii nlr piiKdiiKi'rt of Iho head will ei'eii: uii will breathe freely; dtilluenN and heiulni'lie dlnaiar. liy iiiuriiliiK the eatarrh. roliMu head or ratarrhal note tin out will hu mine. Hud Hiirlt mlnery imw' (let the hiiiiiII bottlii of "i:i s Cre.im lliiliu" at mi) ill iik Htoio, Thin sweet, fra Itraut biilm illdHiihcg by the heat of the limit! 11m; lu'tint iiUch and heahi (lie lullaiiied, imollcu tiiiiiiibiauii w hit h 1 1 mm the homo, head and tin-out ; eleaiii llin air uiiiHnnnii hIoih natty ilbtchiirmm and u fcellm; of eleaiiNliiK, MoothliiK teller i'ihiioh lut nuMllately, c . Don't lay awake tuulitht titrutwIlUK for breath, with head rluttoil; mm IiHh I'loxeil, hawlduu mid blowing, Catairh or a cold, with Un riiunlm: iuiho, rnul iuiii'iiiih dropiilug Into thu throat, and raw ilrtunM In iIInIhnr hut hut trill) tieedleHii, Put Miur faith JiihI ouve In 'Kh h Creiim Halm" and jour cold I or tnlarrh will ninely dUapiienr. Eads : Holbrook ,Coal Co. .W)41 'I UTAH COAL, ROCK SPRINGS AND TONO, ETC. Vt (lclivcr ono suck to one or more Ioiih any jilnco in city. IMchho don't ask for credit, (.'ash on dtdivecy 34 Soutli Fir Stroot. Phono 1025-J Clot Our Prices on What WOOD Von Vill Want for the Winter TIER, CORD AND CAR LOTS VALLEY FUEL CO. Siicccssoi'H to KYiehstein. Cor. Fir nnd Second St. West. Tol. 70. McDonald's Chocolates MADE IN THE MOUNTAINS SALT LAKE SEE OUR WINDOW Medford Pharmacy NEAR POSTOFFICE $16.80 Round Trip PORTOLA FESTIVAL MEDFORD TO SAN i FRANCISCO YIATJIk! VjSUN3rT 9 I (ocdimasiimtaI I "The Exposition Line 11)15" A four-day carnival and Mo with unlimited attrac tions and entertainment. Spectacular Parades, Na val and Military Tournaments, fleets of. American and Korean War Vessels. RELAY RUNNING AND SWIMMING RACES Sacramento to San Francisco Including SWIMMING SAN FRANCISCO BAY By Rival College Students Tickets on Sale October 19. 20, 21, 22 Final Return Limit November 10 Gallon any Southern Pacific Agent for further particulars John M, Scott, Gonoral Passongor Agent PORTLAND, OREGON